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Wealthy Haitians buy businesses and rent homes in the country

They are becoming interested in venturing into investments located in tourist areas and commercial offices, leaving their country due to the general situation of chaos.

Taken from Listin Diario

SANTO DOMINGO –It's not just the wealthy leaving neighboring Haiti for the Dominican Republic. Increasing numbers are arriving, and now they are settling permanently, buying and renting properties. They are purchasing and renting houses in urban areas as well as commercial spaces. Furthermore, they are showing interest in investing in tourist areas and commercial offices.

A survey of major "brokers", such as the Association of Real Estate Companies (AEI) and Remax, yielded revealing data on the movement of these social strata and classes in Haiti in the face of the crisis and insecurity prevailing in that country.

The focus is on the capital.
Alberto Bogaert, president of the AEI, confirmed that there are wealthy people interested in renting premises for warehouses, clothing and household goods stores, restaurants and other establishments in "high-traffic areas" of the capital city.

“In my case, I have recently worked to rent premises for businesses on Mella Avenue, for a Haitian food restaurant, and another for the sale of clothing and household items on Duarte Avenue, for the sale of wholesale items,” Bogaert revealed.

Haitians who do business are leaving their country due to the chaos there. Many have gone to Mexico, Chile, the United States, and France in search of work as a means of subsistence, and the wealthier ones have left with their families wherever they can find a place.

Haiti is going through a difficult social situation that has worsened after the assassination of President Jovenel Moise.

They go to tourist area.
Another real estate agent confirms that she has recently rented to Haitian families in the tourist area of ​​Las Terrenas, and has sold them a place to set up an office.

Another real estate agent explains that he has sold a house in the Isabel Villas residential area and has rented a house near the Malecón area in Santo Domingo to another family.

“There is a movement, yes, with Haitians,” stated the businessman, who also points out that people from Haiti, with US citizenship, are buying homes in the Dominican Republic, in low-cost projects, but also in exclusive areas of La Romana and Punta Cana

Everyone wants to own an apartment here, and apparently the main reason is that they're nearby and they come with dollars.

rentals
of houses and businesses in tourist areas are being registered by Haitian citizens.

In the Dominican Republic there is an investment law and another that facilitates income through retirement, which helps legal foreigners to invest capital here without many restrictions.

The insecurity faced by Haitians has begun to increase migratory pressure toward major cities and border provinces. The flow is growing, and they have already settled in residential areas and other locations, such as mountainous and agricultural regions.

Yesterday, Listín Diario published a report on the increase in visa applications at Dominican consulates, with the intention of settling on this side of the island.

POVERTY
Ills generate problems
Rural areas

Poverty in Haiti is evident in rural areas and, as a result, it is the poorest country in the western hemisphere, with 60% of the population living below the poverty line.

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